economic contribution

2007 Economic Indicators

Since start-up in 1978, the Syncrude participants have made payments in excess of $9 billion to governments for royalties, payroll and municipal taxes, and other Crown charges. Royalties paid to the Province of Alberta by Syncrude’s Joint Venture participants over this period have amounted to about $5.2 billion. In 2007, total payments to governments were $1.6 billion, compared to $901 million in 2006.

Syncrude's Total Annual
Economic Contributions

Syncrude's Total Annual Economic Contributions

Canadians want to receive economic benefit from oil sands development.

Syncrude has contributed over $9 billion in royalties and taxes since 1978.


$4.9
billion economic
contribution in 2007

97%
of 2007 goods and
services sourced in Canada